A Will as Companion to a Trust

Sometimes the main function of a will is to give your executor the authority to collect your assets and cause them to be distributed to a trust that you have set up to receive them. This type of will (sometimes called a "pour-over" will) is often used when a trust is set up for estate tax savings, or to preserve family privacy. Remember that a will document becomes a public document when admitted to probate, available to anyone who asks the court for a copy, while the provisions of a trust may be kept from the public.

It should be noted that assets funneled into a trust through a pour-over will arrangement will be subject to probate costs and delays.

Related Resources

What to Do About Your Business

Providing Income During Settlement

Be the first to comment...

You must sign in to leave a comment.

Existing Users

New Users

Your email will not be displayed on the site
Not case sensitive
This will be displayed with your comments

By registering you confirm you have read and agree to our Member Agreement. View our Privacy Policy.